Zhao Changpeng said that he was at risk of holding too much fiat currency or stablecoin and would reduce such risk exposure

PANews reported on June 3 that when asked about "how much risk I face", Binance founder Zhao Changpeng responded: "There are a lot of risks. I hold more fiat currency (stablecoins) than I want. I just received some more and need to reduce my risk exposure in this regard."

Another user asked how to find the perfect balance when taking risks to maximize the return on investment. After all, risk is not a binary opposition of 0 or 1, but a range that needs to be managed. Zhao Changpeng said: "Let's imagine an extreme situation. If an asset falls to 0, can you cope with it? However, extreme situations in reality are not that extreme, but they can indeed happen."

Earlier news, Zhao Changpeng talked about the risks related to Bitcoin reserves: balanced management is needed, and not taking risks is also a risk .

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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